FIS Technical – Capesize

FIS Technical – Capesize

The index remains above fractal support, but the
pullback is considered as deep. This means upside
moves that fail to trade above the resistance zone
(USD 33,165 – USD 35,346) would from a technical
perspective be regarded as weak, whilst price action
that close above the USD 35,346 would indicate the
technical is gaining in strength. Resistance levels
based off the USD 30,169 low.

 

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